"The Giving Pledge," made public by Bill and Melinda Gates and Warren Buffett four years ago, has already attracted 127 billionaires who have pledged to give at least half of their wealth to philanthropic causes.
CBS News spoke to some of them as well as those behind the initiative. "We don't find a lot of people that say, 'I want to join if it was 40 percent,'" says 83-year-old Buffett in "The Giving Pledge," which was rebroadcast as part of the channel's "60 Minutes" show on Sunday.
Buffett, an American business magnate and investor who is widely considered the most successful investor of the 20th century, is the chairman, CEO and largest shareholder of Berkshire Hathaway. He is consistently ranked among the world's wealthiest people, and has pledged to give away 99 percent of his wealth to philanthropic causes. more >>
Americans at all income levels will be paying more in taxes under current policies, according to this month's long-term budget outlook report by the Congressional Budget Office, with the working poor seeing a greater increase in income taxes.
Even if tax rates are unchanged, Americans will be paying more in taxes due, in part, to how tax policies are structured in relation to inflation and wage growth, according to the report, and these higher payments will be a disincentive to work and save.
"Thus, in the long run, people throughout the income distribution would pay a larger share of their income in taxes than people at the same points in the distribution pay today, and many taxpayers would face diminished incentives to work and save," the report states. more >>
A Florida pastor was arrested earlier this week on charges that he raped at least one of the women who stayed at a shelter he ran for the homeless population.
Pedro Custodio，44, was arrested Monday following allegations from three women who accused the leader of sexually battering them.
Since being arrested, Custodio has admitted to having sexual relations with the women at Our Father's House of Refugee Ministries, which is located in the city of Eustis. However, he has denied charges that it was not consensual, including allegations from one woman who accused him of asking her to help him move boxes before locking the door and raping her. more >>
The National Latino Evangelical Coalition will be working with faith-based organizations across the country to open up 600 beds to Central American children who have crossed into the country without their parents.
President of the NaLEC Gabe Salguero explained that over a period of 18 months, starting in August, churches and camps will likely receive thousands of children — the majority of whom are from Honduras, Guatemala and El Salvador — while they are waiting to be placed with their parents who are already in the United States or family members in the countries they are from.
"We have 15 partners on the ground where we're housing the kids, we're receiving them, feeding them, providing them with education," Salguero told The Christian Post, noting that the sites are located in Texas, Florida, Illinois, New York and California. more >>
One faith-based leader who met with President Barack Obama and Governor Rick Perry in Dallas Wednesday says the private meeting with local officials and faith leaders was productive in homing in on solutions that will meet the state's most immediate needs in dealing with the border crisis.
Despite appeals from members of his own party to accept Perry's invitation to tour the U.S.-Mexico border where the humanitarian and national security crisis is unfolding, Obama declined, opting instead to meet in Dallas before attending one of three Democratic fundraisers in the state.
"The purpose of the meeting was to find solutions in dealing with the border crisis in Texas," Chris Liebrum, director of disaster recovery for the Texas Baptist Convention told The Christian Post Wednesday night. more >>
Former Alaska governor Sarah Palin has stated that President Barack Obama should be impeached due to his handling of the most recent crisis on the United States' southern border.
In a column posted on Breitbart.com on Tuesday, Palin explained her reasons for wanting President Obama impeached.